Integral Systems Retains Financial Advisor
January 13 2011 - 8:35AM
Integral Systems, Inc., (Nasdaq:ISYS) ("Company") announced today
that the Company is considering strategic alternatives to enhance
shareholder value, including acquisitions, mergers, sale of the
Company or other transactions. To ensure shareholder value is
maximized, the Company has retained Stone Key Partners LLC as its
financial advisor. Integral Systems' Board of Directors, after the
consideration of the Company's strategic alternatives, may
determine that none of these alternatives are appropriate at this
time. Therefore, it should not be inferred that this process will
result in any specific transaction. Integral Systems does not
intend to disclose further developments during this process, unless
and until its Board of Directors approves a specific transaction or
otherwise concludes the review of strategic alternatives.
ABOUT INTEGRAL SYSTEMS
Integral Systems, Inc., of Columbia, Md., applies more than 25
years experience to provide integrated technology solutions for
satellite communications-interfaced systems. Customers have relied
on the Integral Systems family of companies (Integral Systems,
Inc., Integral Systems Europe, Lumistar, Inc., Newpoint
Technologies, Inc., RT Logic and SAT Corporation) to deliver on
time and on budget for more than 250 satellite missions. Our
dedication to customer service has solidified long-term
relationships with the U.S. Air Force, NASA, NOAA and nearly every
satellite operator in the world. For more information, visit
www.integ.com.
Except for statements of historical facts, this news release
contains forward-looking statements about the Company, including
but not necessarily limited to the Company's financial projections,
all of which are based on the Company's current expectations. There
can be no assurance that the Company's projections will in fact be
achieved, and these projections do not reflect any acquisitions or
divestitures that may occur in the future. The forward-looking
statements contained in this news release are subject to additional
risks and uncertainties, including the Company's reliance on
contracts and subcontracts funded by the U.S. government and the
results of any governmental agency audit, intense competition in
the ground systems industry, the competitive bidding process to
which the Company's government and commercial contracts are
subject, the Company's dependence on the satellite industry for
most of its revenues, rapid technological changes in the satellite
industry, the Company's acquisition strategy and those other risks
noted in the Company's SEC filings. The Company assumes no
obligation to update or revise any forward-looking statements
appearing in this news release.
CONTACT: Company Contact:
Andrew Miller
Vice President, External Communications
Integral Systems, Inc.
Phone: 443.539.5124
amiller@integ.com
Investor Relations Contact:
Kathryn Herr
Vice President, Marketing & Communications
Integral Systems, Inc.
Phone: 443.539.5118
kherr@integ.com
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